Has anyone else been caught out by a scheduled payment appearing from the Monzo current account to the Monzo savings account? Only noticed it (I did not add it) when I saw I’d gone into the overdraft on my current account and was charged for it. Is it a requirement for there to be a scheduled payment to savings and that is why Monzo added it?
Scheduled payments can only be set up by you, Monzo can’t even do it on your behalf.
You might not realise it but you’ve likely enabled this at some point when creating the pot, or one of the many prompts that give you suggestions for maximising savings potential.
Ahh ok thanks. I think I must have missed the part where it said a scheduled payment will be set up as I didn’t deliberately set it up. As long as a scheduled payment isn’t mandatory. Irritating that I got charged but I should maybe have been more careful with what was being set up as defaults.